The University of Edinburgh and Input Output Global (IOG), builders of the Cardano network, have teamed up to create the Blockchain Decentralization Index IOG Announce on its blog. The new service, the first of its kind, will use a “research-based” approach developed by the University.

The Edinburgh Decentralized Index (EDI) has been in development for several months and launched in Edinburgh on November 18th, but is not yet live, according to Internal Oversight Group:

“The first step for the tracker is to create the research papers detailing the decentralized metrics, and the thought-out approach to indexing them, created by researchers at the University of Edinburgh. It will then work in the same way as other industry indices run.”

Once launched, EDI will provide real-time tracking of assets “based on an ongoing calculation and review methodology.”

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There is currently no standard for decentralization of digital assets. “What we are currently missing are generally accepted industry standards that define the degree to which projects are decentralized. EDI will allow us to ensure users are fully transparent about what they are participating in,” IOG CEO Charles Hoskinson said in a blog post said in. Hoskinson hinted that users currently cannot judge the degree of decentralization of digital assets.

While decentralization itself is no guarantee of quality, the dismal performance of centralized crypto asset platforms in recent months has sparked new concerns about it. “The Agency Wants a Controlled Cryptocurrency,” tweets Balaji Srivasan, former Coinbase and Andreesen Horowitz executive. “If FTX wins, they will control through centralization. With FTX lost, they want control through regulation. The goal is never consumer protection.”

Kadena CEO Stuart Popejoy has a similar but more moderate view. “CeFi is a ‘necessary evil’ today, and maybe it will always be in crypto,” he said. tweets. “The answer is to go back to basics #blockchain: Decentralization and Transparency. While DeFi may seem like the obvious solution, it still cannot replace CeFi for obvious and not-so-obvious reasons. The core issue is scalability. “

Furthermore, decentralization is at the heart of determining whether a crypto asset is a security, at least in the US, an issue that is at the heart of future regulatory developments.